'I Don't Know John Ternus,' Jim Cramer Says — but He Trusts Tim Cook's Word on Apple's Next CEO

On CNBC's 'Mad Money Lightning Round,' host Jim Cramer expressed continued confidence in Apple Inc. (AAPL), reaffirming that the stock remains 'a good buy' that investors should own rather than trade. His remarks come ahead of an important leadership transition at the tech giant, with John Ternus scheduled to succeed Tim Cook as Chief Executive Officer on September 1. Cramer stated that while he does not know Ternus personally, he trusts Cook's judgment and believes Apple remains in capable hands going forward. Apple has officially confirmed its upcoming 'Surprise and shine' special event scheduled for September 9 at 10 a.m. PT at Apple Park, which will mark Ternus's first major public event as CEO. During the same broadcast, Cramer also issued positive commentary on Cisco Systems Inc. (CSCO), advising viewers to buy shares following strong fiscal fourth-quarter results and above-consensus revenue and earnings guidance for fiscal year 2027.